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December 15, 2017
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LOS ANGELES COUNTY NEWS
Archive
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• Rexford Industrial Spends $29 Mil on Three SoCal Light Industrial Properties
2/23/15
LA-based Rexford Industrial LLC has closed on another SoCal industrial buy, paying $28.9 mil for a three-building, light industrial portfolio totaling 343.4k sf of space in the Inland Empire and LA’s Mid-City area. The fully ...
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• Mani Dilmaghanian Named the 2014-15 Recipient of the NAIOP SoCal-CRE Fellowship
2/18/15
NAIOP SoCal and the Center for Real Estate at UC Irvine’s Paul Merage School of Business have named Mani Dilmaghanian as the 2014-15 recipient of the NAIOP SoCal-CRE Fellowship, a combined learning experience and financial aw...
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• Long Beach Apartment Asset Fetches $165k/Unit
2/17/15
Bixby Park Apartments, a 40-unit property in the Bixby Knolls area of Long Beach, traded hands in a recent $6.625 mil ($165.6k/unit) deal. The property covers 1.5 acres at 1132 San Antonio Dr. and 4481 Orange Ave, south of De...
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• Private Investor Buys Altadena Retail Center
2/13/15
Altadena Crossing, a 43.1k sf shopping center in Altadena, was purchased by a private family trust. The terms of the sale were not released. Built in 2006 on 1.28 acres, Altadena Crossing is located at 2230-2268 Lincoln Ave,...
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• Newmark Realty Capital Arranges $125 Mil Refi on Century City Office Tower
2/12/15
In a major office refi deal, Newmark Realty Capital Inc. has arranged $125 mil in permanent financing on 1900 Avenue of the Stars, a 28-story, 597k sf, Class A office tower in Century City. Constructed in 1969, the property ...
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• Landmark One Santa Fe Development in Downtown LA is 55% Leased
2/12/15
Since opening in September, 2014, activity at the One Santa Fe mixed-use community in downtown Los Angeles has included over 260 lease signings and over 240 residences occupied, bringing the project to 55% leased. Designed by...
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• Newmark Realty Capital Arranges $12 Mil in Refi Money for Two LA-Area Retail Properties
2/11/15
Newmark Realty Capital Inc recently completed $12.1 mil in refi deals for retail properties totaling 44.3k sf of space in the upscale West LA neighborhoods of Brentwood and Westwood. Both deals were low-levered, non-recourse ...
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• Medical Group Pays Over $600/sf for L.A. Office Property
2/10/15
A 38k sf, nine-story office building in Los Angeles was purchased for $24 mil ($632/sf) by a medical group who intends to occupy a portion of the property. The building is located at 8436 West 3rd St, one-half block east of L...
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• UrbanBlox Buys Building in Downtown LA Jewelry District
2/10/15
UrbanBlox, a Los Angeles-based boutique development firm, has acquired a 51.1k sf office building in Downtown Los Angeles' Jewelry District for $8.54 mil ($167/sf). The building is located at 718 S. Hill St, west of Broadway ...
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• Popular Hangout Near USC Sells
2/09/15
A locally based real estate investment firm, Trojan Fig Partners LLC, purchased 901 Bar & Grill – a well-known hangout near University of Southern California. The acquisition included adjacent properties totaling approximatel...
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• Laurus Corp Buys Pasadena Office Property
2/09/15
Laurus Corporation recently wrapped up a Pasadena office buy, purchasing a 163.2k sf building at 199 South Los Robles, about two blocks south of Colorado Blvd. The price was not given out. The Class A, eight-story building f...
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• Tishman Speyer Finds Harmony with Latest Westwood Tenant Signing
2/06/15
Harmony Inc, the parent company of online dating site eHarmony, has inked a 10-year deal for about 50k sf of office space in Westwood. The transaction value was not given out. eHarmony will occupy the top four floors at 1090...
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• Developer Acquires Pasadena Site for New Retail Project
2/06/15
An under-utilized Pasadena site was recently acquired by a Beverly Hills-based developer who plans to turn the former industrial property into a vibrant retail center. The site, which measures slightly over one-half acre and ...
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• The Urban Land Institute is Presenting a Two-Day Course on Strategic Planning and Implementation for the Real Estate Entrepreneur
2/06/15
The Urban Land Institute is offering a two-day course entitled: Strategic Planning and Implementation for the Real Estate Entrepreneur to be held February 23-24, 2015 at the Marina Del Rey Marriott in Marina Del Rey. The cou...
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• Logistics Firm Leases 105k sf Long Beach Facility
2/06/15
City Logistics and Transport, a veteran transportation and warehousing company, has leased a 104.5k sf square foot industrial building in Long Beach to meet its expansion needs. The firm, which is relocating from nearby Ranch...
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• Westbrook Partners Buys High-End Santa Monica Office Building from Broadreach Capital Partners
2/05/15
Ocean Park Plaza, a 101k sf, low-rise office building in Santa Monica, was sold by Broadreach Capital Partners. From what we understand, it was purchased by Westbrook Partners for around $47 mil ($465/sf), which is almost twi...
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• Office Sales Comp from Calabasas Goes for $234/sf
2/05/15
In a recent office sales comp from the western San Fernando Valley, a 19k sf building in Calabasas traded for $4.45 mil, or $234/sf. The two-story building is situated on a 30k sf site at 24003 Ventura Blvd, east of Parkway C...
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• Private Investor Spends $13.4 Mil on Trio of East San Fernando Valley Apartment Properties
2/05/15
A private investor has acquired a portfolio of three multifamily assets totaling 85 units in Burbank, North Hollywood and Sun Valley for a total price of $13.4 mil, or around $158k/unit. The purchase was part of a long-term s...
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• Mill Creek Residential Trust Secures Joint Venture Equity for West Los Angeles Res Development
2/04/15
Mill Creek Residential Trust LLC has secured joint venture equity for the development of The Village at Howard Hughes, a 375-unit, Class A multi-housing development within the mixed-use Howard Hughes Center campus in the West...
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• Good Economic News Bodes Well for Commercial Real Estate Industry
2/03/15
There’s good economic news on many fronts for 2015 and 2016 that bodes well for commercial real estate, but industry professionals will have to recognize that a major transition is taking place from traditional building uses ...
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